REI Lense

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$3,556 (target)

389 Abbott St, Springfield, MA 01118

3 beds • 2 baths • 1547 sqft

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This property might be a fair Mid-Term investment with a projected 0.93% first-year return on $91,332 initial cash invested.

0.93%

Cash On Cash

6.82%

Cap Rate

1.12

DSCR

$3,556

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,556 income − $3,485 expenses = $71 cash flow

Income$3,556Mortgage P&I$1,77150%Property Taxes$38411%Insurance$1213%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%Cash Flow$71

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,332

Downpayment

20%

$69,840

Closing costs

1%

$3,492

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,556

Total Expenses

$3,485

Mortgage P&I

50%

$1,771

Property Taxes

11%

$384

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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